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Evergy 8-K Report, Material Agreement (Feb 11, 2026)

Reports
Material Agreements·Financial Events·Exhibits & Filings
Filing Date
Filed February 11, 2026
Period End
February 11, 2026
Security
EVRG
In the record · 2017–202610-K810-Q258-K104

EVRG filed 8 annual reports (10-K), 25 quarterly reports (10-Q) and 104 current reports (8-K) between 2017 and 2026.

  1. Leadership change8-K · Mar ’19Mar ’19
  2. Material agreement8-K · Aug ’21Aug ’21
  3. Leadership change8-K · Jul ’23Jul ’23
  4. Material agreement8-K · May ’25May ’25

01—Abstract

Summary

Summary of the 8-K filed February 11, 2026. Cited figures are marked; the original filing is the authoritative source.

Evergy, Inc. (EVRG) entered into a $500 milliona unsecured Term Loan Credit Agreement on February 11, 2026, with Wells Fargo Bank, National Association, as administrative agent and the lenders party thereto.

The Term Loan Facility expires on February 10, 2027. Evergy expects to use the proceeds for, among other things, working capital, capital expenditures, permitted acquisitions and general corporate purposes, including repaying all borrowings under its $55 millionb unsecured Term Loan Credit Agreement dated January 7, 2026, with Bank of America, N.A. Concurrently with the new facility, Evergy terminated the Prior Term Loan Facility, which was due to expire on January 6, 2027.

The filing states Evergy incurred no early termination penalties as a result of the termination. The new facility contains customary covenants, including a maximum ratio of total indebtedness to total capitalization of 0.65 to 1.00 for Evergy and its subsidiaries on a consolidated basis. The full agreement is filed as Exhibit 10.1.

02—Key points

Key Highlights

  1. Evergy entered into a $500 million unsecured Term Loan Credit Agreement on February 11, 2026, with Wells Fargo Bank, National Association, as administrative agent.
  2. The new Term Loan Facility expires on February 10, 2027.
  3. Proceeds are expected to fund working capital, capital expenditures, permitted acquisitions and general corporate purposes, including repayment of the $55 million Bank of America term loan dated January 7, 2026.
  4. The prior $55 million Term Loan Facility was terminated concurrently, which was due to expire on January 6, 2027.
  5. Evergy incurred no early termination penalties in connection with terminating the Prior Term Loan Facility.
  6. The facility includes a covenant capping the ratio of total indebtedness to total capitalization at 0.65 to 1.00 on a consolidated basis.

03—Questions

Frequently Asked Questions

  1. How large is the new term loan and when does it mature?

    The new Term Loan Facility is a $500 million unsecured term loan that will expire on February 10, 2027.

  2. What will Evergy use the borrowed funds for?

    Evergy expects the proceeds to be used for, among other things, working capital, capital expenditures, permitted acquisitions and general corporate purposes, including repaying all borrowings under the $55 million Prior Term Loan Facility with Bank of America, N.A.

  3. Did Evergy pay a penalty to terminate the prior loan?

    No. The filing states Evergy incurred no early termination penalties as a result of terminating the Prior Term Loan Facility.

  4. What financial covenant applies to the new facility?

    The Term Loan Facility sets a maximum ratio of total indebtedness to total capitalization of 0.65 to 1.00 for Evergy and its subsidiaries on a consolidated basis, along with other customary covenants.

04—Continue

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